Oireachtas Joint and Select Committees

Thursday, 28 November 2019

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Impact of Brexit on Ireland's Economy: Economic and Social Research Institute

Photo of Gerry HorkanGerry Horkan (Fianna Fail) | Oireachtas source

Apparently, we buy more from the UK than Brazil, India and China combined. There are many reasons for this. We are the UK's closest neighbour, we use the same language for labelling, and we probably have similar cultural tastes in various areas like biscuits, chocolate and all kinds of spices. Equally, we are at the end of the supply chains of companies such as Tesco, Lidl and Aldi that operate in both jurisdictions. It is unlikely that the UK will start exporting cream crackers to China, where they make their own crackers. It is very likely that we will continue to buy cream crackers from the UK. We are the UK's fourth or fifth largest goods trading partner.

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